Best trendy futures

[JimmyJam]

If, as Cheese said, you're looking for intraday volatility, along with being a slightly forgiving market, your best bet would be to go the YM route.

NQ will also give you good moves.

The e-mini russell ERU on my data feed, also known as ER2 will give you a lot of what you call one-way trendiness, but if you are not carefull it can also chop your account to pieces pretty quickly.

I don't have much experience with the foreign indices, however based on what Red Duke has said in this post and the past, their performance will pretty much mirror their US counterpart(s).

The energy markets (QM specifically) will also trend pretty well, but you'll have to develop good methodologies to trade them by.

While Bitstream is in essence correct about the S&P/ES indices, if you pull up the financial charts (ES/NQ/YM) and observe them on an intra-day basis for a period of a month you will see that for all intents and purposes they pretty much trend/trade in lock-step with each other. ERU does not necessarily display this attribute.

Best,

Jimmy

 

[bluegreen]

Quote from RedDuke:

dax and russel have good intra day volatility, and you can trade anywhere around 10 cars a clip. Dax more like 5 cars. This size assumes almost no slipage.

For large liquidity you have DJ Euro Stoxx and S&P emini, there you can trade easily 50 cars a clip.

redduke

What is a car a clip? I've been trading for a few years now, but I never nothing called a car a clip? We call them lots or points? Car a clip? I've read about 30 daytrading books so far and they never mentioned cars or clips. What is it?

 

[Trader_Herry]

Quote from bluegreen:

What is a car a clip? I've been trading for a few years now, but I never nothing called a car a clip? We call them lots or points? Car a clip? I've read about 30 daytrading books so far and they never mentioned cars or clips. What is it?

I think it is just analogy.

Imagine how much 50 cars is worth, and you are going to buy and sell 50 cars every day in S&P.

 

[Trader_Herry]

Quote from Bitstream:

the only reason for some1 to trade es is if he's really good at it and can take advantage of the enormous liquidity available or if he's on his way to become really good at it; otherwise this is imo the worse contract traded in us.

Pretty much agree with you.

Unless you have a large capital to take advantage of ES, this market is not good.

I wonder if it applies to YM (Dow Jones) and NQ (NASDAQ) as well, since they have high co-efficients - the markets are choppy - does not run smooth intraday trends.

 

[Trader_Herry]

Thanks for your valuable information.

Quote from JimmyJam:

If, as Cheese said, you're looking for intraday volatility, along with being a slightly forgiving market, your best bet would be to go the YM route.

NQ will also give you good moves.

The e-mini russell ERU on my data feed, also known as ER2 will give you a lot of what you call one-way trendiness, but if you are not carefull it can also chop your account to pieces pretty quickly.

That's good.
The reason why I would like this is I don't need to go in and out frequently. The ranging game is weary. I need to spend multi-fold efforts to get the same reward as catching 1 trend. Don't you agree?

How large is the intraday trend, in terms of points or US dollar?

I don't have much experience with the foreign indices, however based on what Red Duke has said in this post and the past, their performance will pretty much mirror their US counterpart(s).

The energy markets (QM specifically) will also trend pretty well, but you'll have to develop good methodologies to trade them by.

There are 2 main oil contracts - light sweet crude oil (big and mini [CL & QM]) and brent crude oil [BC]. There are also other (similar) too, like heating oil.

CL, QM, BC...
They should move in pairs by logic.
I'm not sure if it is the same as US index futures where mini is better than original.

If BC and QM has more or less the same one-way trend, it seems BC is better since each tick earns more money.

While Bitstream is in essence correct about the S&P/ES indices, if you pull up the financial charts (ES/NQ/YM) and observe them on an intra-day basis for a period of a month you will see that for all intents and purposes they pretty much trend/trade in lock-step with each other. ERU does not necessarily display this attribute.

Jimmy

ES is said to be the worst market [probably very choppy and suitable more for scalpers or short-term daytraders, rather than trend followers or momentum traders]

If 3 markets move very similarly (eg 80% similarity), they are going to move in the same fashion - choppy and rough movements - requires more in and out to gain well. Do I get it right?

Who is likely to lead others? Who is likely to lag all behind?

NQ seems to be quite liquid (but far worse than ES). But how about Dow-Jones (YM)? As liquid as NQ? How many orders per tick on average?

 

[Trader_Herry]

Quote from TL Trader:

This was posted by Acrary, although it's obviously not intraday it may still be useful to you.

Trendiness Report starting Jan. 1996 ending Dec. 2005
at least 10 days in the trend

1. Mini Value Line
2. Nikkei Index
3. 90 Day T-Bill
4. Short Sterling
5. Japanese Yen
6. Palladium
7. Fed Funds
8. Australian Dollar
9. Goldman Sachs C.I.
10. Soybean Meal
11. British Pound
12. Platinum
13. CRB Futures
14. Euro
15. Pork Bellies
16. Swiss Franc
17. Dollar Index
18. Corn
19. Lumber
20. Eurodollars
21. Gold
22. NYSE Comp.
23. KC Wheat
24. Mexican Peso
25. Soybeans
26. Natural Gas
27. Cocoa
28. Feeder Cattle
29. Oats
30. Canadian Dollar
31. Orange Juice
32. Muni Bonds
33. Minn Wheat
34. Heating Oil #2
35. Copper
36. S&P 400 Midcap
37. Live Hogs
38. Rough Rice
39. T-notes
40. Unleaded Gas
41. Crude Oil
42. Russell 2000
43. Live Cattle
44. Soybean Oil
45. Cotton #2
46. Sugar #11
47. Silver
48. Wheat
49. Dax Index
50. Emini Nasdaq
51. T-bonds
52. S&P 500
53. German Bund
54. Coffee
55. Nasdaq 100
56. 5 YR T-Notes
57. Long Gilt Bond
58. FTSE 100 Index
59. Dow Jones Index
60. 10 YR T-Notes
61. Emini S&P 500

Good list.
Well done!

Do you know where the person get this list - his own work or other third party source?

What's the criteria of the measurement and ranking (if available. Otherwise forget it)?

It's surprising to see Emini S&P 500 [61] is much worse than S&P 500 (original) [52], but it may be wrong since we don't know the difference between [52] and [61].

I can't find mini-Dow Jones.

"2. Nikkei Index"
Since it has been traded in several markts, not sure which market it is talking about - CME (USD or JPY), SGX, or OSE?

Will that be any difference between CME(USD) and CME(JPY) [I mean to ask for the trading and pattern differences]?

What is:
1. Mini Value Line
...
4. Short Sterling (short[?] the currency futures - GBP sterling?)
...

 

[RedDuke]

Bluegreen,

When I said 30 cars a clip, I meant trading 30 contracts every time.

redduke

 

[Lucrum]

Quote from Trader_Herry:

Good list.
Well done!

Do you know where the person get this list - his own work or other third party source?

What's the criteria of the measurement and ranking (if available. Otherwise forget it)?

It's surprising to see Emini S&P 500 [61] is much worse than S&P 500 (original) [52], but it may be wrong since we don't know the difference between [52] and [61].

I can't find mini-Dow Jones.

"2. Nikkei Index"
Since it has been traded in several markts, not sure which market it is talking about - CME (USD or JPY), SGX, or OSE?

Will that be any difference between CME(USD) and CME(JPY) [I mean to ask for the trading and pattern differences]?

What is:
1. Mini Value Line
...
4. Short Sterling (short[?] the currency futures - GBP sterling?)
...

I just copied the list from one of acrary's posts. You may be able to determine is methodology (for the list) from doing a search of his posts.

 

[Cheese]

Quote from Trader_Herry:
.. I don't need to go in and out frequently. The ranging game is weary. I need to spend multi-fold efforts to get the same reward as catching 1 trend. Don't you agree?

No.
There are no short cuts.
You're already find it weary getting into this game.

 

[Trader_Herry]

Quote from Cheese:

No.
There are no short cuts.
You're already find it weary getting into this game.

But picking a good market is never mant to be a shortcut, buddy.

You still need to know how to grasp them.